With the euro at around 130 American cents (the lowest parity for the European money with the dollar since January this year) and almost all major stock markets in the red (more so in Europe), the financial world appears at present to be very sceptical about the effectiveness of the Eurozone's plans to straighten up its sovereign-debt problems.

For one thing, there is very limited progress in negotiations between the Greek government and its bank lenders to conclude an agreement over ...

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